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Ghana court orders halt to work at Tullow-led gas facility

Jun. 10, 2014 5:58 PM ETTullow Oil plc (TUWLF) StockAPC, TUWOY, TUWLF, KOSBy: Carl Surran, SA News Editor
  • A Ghana court has ordered state-run Ghana Gas to stop construction at a $650M gas plant designed to process gas from the offshore Jubilee field until the government pays land compensation to local chiefs.
  • The government hopes the project's completion will boost power supply and help reduce spending on light crude imports for thermal power generation.
  • Tullow Oil (OTCPK:TUWLF, OTCPK:TUWOY) is the lead operator of the Jubilee field; partners include Anadarko Petroleum (NYSE:APC) and Kosmos Energy (NYSE:KOS).

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